The title of your property provides proof of ownership and also offers a level of legal protection. This may be vital if you plan to sell or transfer the property at some point in the future.
Unfortunately, titles may not always be as they first appear. Defects with titles as well as other issues are a fairly frequent occurrence. Disputes over property titles can lead to lengthy disagreements and litigation. As a result, it may be worth considering why disagreements over titles occur. Outlined below are four common causes of property title disputes.
An undiscovered will
When a person dies and no final will and testament is apparent, the state may opt to sell the property. Purchasing a property in such circumstances still means that you acquire legal rights of ownership. However, it is possible that the former owner’s will is discovered at a later date, which has the potential to complicate matters. In such a scenario, a legal challenge may be brought to your title.
Typically, before acquiring property you may have viewed various papers, including surveys. These will have offered some insight into the property structure as well as land boundaries. Unfortunately, different surveys do not always match up. In the event that a survey shows varying land boundaries, a challenge may be brought against your ownership of a particular portion of land.
Every human is susceptible to making mistakes, even those who work in state planning departments. The most minor of clerical errors can result in significant setbacks in terms of your property title rights.
Establishing your property titles rights is key to protecting your interests. If you are involved in a dispute over title, it is important to know that you have legal rights.